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    Remodeled Residential Income Property with ADU Title is generated by Realmo AI

    96 PACKARD Avenue, Glen Burnie, MD 21061

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    For Sale
    $594,900

    MULTI_FAMILY - Cape Cod - GLEN BURNIE, MD

    Property size:
    2,800 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $212/SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 10:06 am

    Property Features for 96 PACKARD Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Dining Room, Family Room, Basement
    Parking features
    On Street, Driveway
    Interior features
    2nd Kitchen, Attic/House Fan, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Dining Area, Efficiency, Entry Level Bedroom, Family Room Off Kitchen, Formal/Separate Dining Room, Kitchen - Country, Kitchen - Eat-In, Kitchen - Table Space, Primary Bath(s), Recessed Lighting, Skylight(s), Upgraded Countertops
    Standard status
    Active
    Size
    2,800 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3446

    Utilities

    Heating system
    Electric (Heating), Baseboard
    Cooling system
    Ductless

    Building Details

    Year built
    1945
    Number of units
    1
    Building materials
    Stick Built
    Architectural style
    Cape Cod

    We can help!

    Listing Contact
    John M Boring
    John M Boring

    Listing agent John M Boring License #527307

    Listing office Century 21 Don Gurney 3201 MOUNTAIN Road unit: 115, Pasadena, MD

    Listing date Jun 3, 2026

    MLS# MDAA2147708 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Cape Cod home built in 1945 with extensive interior features including recessed lighting, skylights, and ceiling fans
    • Remodeled with new siding, windows, gutters, roof, down spouts, and French doors
    • Main level includes a kitchen with quartz countertops and breakfast bar, plus a family room off the kitchen with yard access
    • Upstairs has 3 bedrooms and 2 full baths with ceramic tile
    • ADU in back with separate entrance, plus its own full bath, complete kitchen, living room, and bedroom
    • Cooling includes ductless system; heating is electric with baseboard heat; driveway and on‑street parking

    Overview

    This extensively remodeled residential income property includes new exterior improvements such as siding, windows, gutters, roof, down spouts, and French doors. Inside, the main level features luxury plank flooring throughout, a new kitchen with quartz countertops and a breakfast bar, black stainless appliances, and a family room off the kitchen with access to the back yard. The upper level is fully carpeted and provides three bedrooms and two full baths with ceramic tile.

    A fenced yard supports outdoor space, and the back property includes an accessory dwelling unit with its own separate entrance. The ADU is laid out with its own full bath, complete kitchen, living room, and bedroom.

    The configuration supports flexible occupancy, whether you are seeking a primary home with a second unit for extended family or an additional rental space for separate living arrangements. With recent updates across both the exterior and interior, the property is positioned for tenants or owner-occupants looking for move-in-ready condition and clear separation between the main residence and ADU.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $73.2k $26.16
    − Vacancy −$4.5k −$1.62
    EGI $68.7k $24.54
    − OpEx −$30.9k −$11.04
    NOI $37.8k $13.50
    2,800 SF · lease $26.16/SF/yr · vacancy 6.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $539.8K
    $472.4K – $629.8K (±1% cap)
    NOI $37,789 @ 7.0% cap · market cap 6.35%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $819.1K
    $716.7K – $955.6K (±1% cap)
    NOI $57,335 @ 7.0% cap · market cap 9.64%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glen Burnie
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.64123
    Latitude
    39.18441

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    FAQs

    What type of property is this?
    Single family property - Extensively remodeled home with a separate-entry ADU, offering two distinct living units and a fenced yard.
    Where is this single family property located?
    The property is located at 96 PACKARD Avenue Glen Burnie, MD.
    What is the asking price?
    The asking price for this property is $594,900.
    What are key features of this property?
    This property features: Cape Cod home built in 1945 with extensive interior features including recessed lighting, skylights, and ceiling fans; Remodeled with new siding, windows, gutters, roof, down spouts, and French doors; Main level includes a kitchen with quartz countertops and breakfast bar, plus a family room off the kitchen with yard access
    (410) 852-6445
    We can help!
    Listing Contact
    John M Boring
    John M Boring
    Real Estate License ID: 527307
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    96 PACKARD Avenue, GLEN BURNIE, MD 21061
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